The Latest Breaking News from Eliza Owen

Finally some good news.

Vacancy rates have already started to ease and price growth has begun to slow with analysts tipping further tempering in the market for rental homes.

'Sluggish' selling conditions are starting to turn around.

Unit owners particularly vulnerable as profitable national housing sales sank to 92.3% in the three months to March 2023, according to CoreLogic data

See our list of all 99 suburbs in Newcastle and Lake Macquarie

Applicants asked for proof of identity, rental and financial history, and references, as listings are snapped up before first showing

As the vacancy rate drops to 1.2%, the Reserve Bank chief advises renters to consider sharing – but that is a very difficult option for many people

A new report from ANZ and CoreLogic shows since the pandemic rental prices have increased dramatically, and low-income earners would need to spend more than half their pay to secure a rental property.

Rental demand is fast outrunning supply and low-income households are bearing the brunt of the rental affordability crisis, analysis shows.

Despite increased rental assistance measures in Tuesday's budget, calls to cap rents are growing louder, with economists saying that step has been successful overseas, however, analysts warn it may make the housing crisis worse.

The bungalow was owned by late radio star Harry Griffiths and has been held by the family for more than six decades.